The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-22
CONDITION OF THE MARKETS.
Wheat Very Flat, the Flucations Being
Confined Within Half Cent.
Corn Quiet, with only Limited Trading-Oats
Dull, but Steady and characterization
Rule Strong and Generally Higher
MONEY, BONDS AND STOCKS.

A Feverish and Irregular Markets with
Lower Prices for Nearly Everything.
NEW YORK, Jan. 2L-Money call WAS
easy 1t 3a5 per cent, closing at per cent
Prime mercantile paper, 607 per cent.
Sterling exchange was dull and unchanged.
The total sales of stocks to-day were $780,
BIG shares, including the following Canada
Southern, 3,875; Delaware, Lackawanna e
Western, 31.365; Erie, 15500 Hooking Valley,
7,l70; Kansas s. Texas l25; Lake Shore, IA, 800;
Louisville s. Nashville, $780, Northwestern,
$3.50; New Jersey Central, "a. 100; Northern
Pacific, preferred, 4.52s; Oregon s. Transconti-
mental. $3.50; Pacific Mail, %, 057; P, D. & E.,
1890; Reading, $780, ST. Paul, 10000; ST.
Paul g. Omaha, 424o Texas Pacific, 4,3O0
Union Pacific, Is 200 Western Union, 5,87S
Government bonds and State bonds were dull
and steady.
The stock market was subjected 90 many con-
ficting influences, and, as a consequence, was
very feverish and Irregular different stocks
often moving in opposite directions at one time
London. under the influence of the war feeling,
sold the trunk lines. ST. Paul. Union Pacific and
Wabash. In consequence of a combination Of
unfavorable news in regard to the property
The bulls" generally had the better of the ac-
ton in the forenoon. but after passage of the
interstate commerce bill the "bearsn made
combined attack upon the market, and even the
conspicuously strong stocks of the morning be-
came weak. The trunk lines were affected by
the stories of rate.cutting; Reading. by the an
nouncement that the Schuylkill Valley had
passed under receiver and the selling by the
foreign bourses and the Oregon and the Pacific
stocks by different unfavorable ru-
mnrs. Jersey Central was again
streng. to-day and exceeded yesterdays
best price. but was carried back by the general
weakness. The opening was weak first prices
being from to lower than last evenings final
figures, and the market was strong in the early
DEALINGS. under the lead Of Jersey Central and
New England. The advance spent itself in the
hrst hour, and the market became dull and sag
ging reaction occurred early in the after
noon, but later the decline was resumed with
vigor, and the last hour saw the movement ac-
celebrated. Pacific Mail and Jersey Central Of
fered the most resistance. There was slight
rally toward the close, bat the market was weak
at the lowest prices reached. Sales 439 SIG
ehares. The entire active list is lower except
gains of II in Jersey Central, IL in Cameron
Coal, and II in Pacific Mail.
Railroad ponds showed little feature of impor-
lance Erie second consols again came to the
front, their sales aggregatng 1856 000 out of a
tota days business of $l.006. 900. Prices sympa-
thized with the share market. and the move
rnents were IRE. ular and feverish. while the
final changes are. rarely for more than small
fractions, though advances predomnate Clos
ing quotations were:
Threeper cent bondslao louisville & Nashville 637s
-Four per cent. bonds I27sslL., n A. & C..--.. So
Pacific IS of g5 . I25Ds Mar. & Gin. seconds -
Louisiana consos.. S9;s Mem. & Charleston So
Missouri 6s. oiclarichigan Central. -. 80
Tenn. settlement 6s Jos innn. 4 St. Louis Bia